Amazon token percale scam or not
All the information you require regarding a recent internet fraud that involves stealing cryptocurrency and selling phony Amazon Tokens.Amazon token percale scam
Offers for Amazon Tokens are a new fraud to be aware of and avoid as we approach the 2021 holiday shopping season. We’ve discovered that these new con games are incredibly profitable, making over USD 100,000. In the last week, more than 300 Avast consumers have been shielded from the scam.
These offers are spreading via malicious adverts that mimic reputable news websites and are predicated on rumors that have been circulating since July 2021 regarding Amazon’s potential sale of tokens. Here are some examples of the harmful adverts we discovered.
Amazon token rumors: (amazon token scam)
The publications that first started the rumors suggested that Amazon would be joining the cryptocurrency space and issuing its tokens as part of it. These reports were based on conjecture from a July 2021 Amazon job posting. There are presently no Amazon Tokens for sale, and the rumor has not been verified.
These harmful adverts prey on people’s faith in the Amazon name and their want to invest in initial coin offers (ICOs), which are a kind of crowdfunding for cryptocurrencies. Early participation in an initial coin offering (ICO) can yield substantial profits, as these offerings frequently see sharp increases in value.
Fake Amazon landing pages: (Amazon token percale scam)
When a user clicks on one of these fraudulent advertisements, they are taken to a professionally designed website that seems to be advertising Amazon’s recently announced (and nonexistent) cryptocurrency, Token. But if you look more closely, you can see that these websites occasionally have spelling errors, which is a red flag that they aren’t authentic.
The website is fully functioning, well designed, and includes thorough explanations and attractive photographs. Even more convincingly, the website links the purchase of the fictitious token to a complimentary Amazon Prime membership. In an attempt to entice gamers, the scammers also deftly link the acquisition of these fictitious tokens to Amazon’s Prime Gaming service.
The website features a countdown, sales, and bonuses for users who decide to buy right away. This is a common con method used by scammers to compel potential victims to make snap decisions. After creating an account, the user may manage their fictitious cryptocurrency portfolio and buy Amazon Tokens, which are virtual cash, using a dashboard that looks authentic.
To “purchase” the token with other cryptocurrencies, such as Bitcoin, Ethereum, LiteCoin, and others, the user must first register an account. The act of creating an account may provide the attackers with a password combination for their email that they might employ in future attacks.
In actuality, the attackers will keep the Bitcoin that has been delivered to them after the translation is finished, leaving the user without any Amazon Tokens. Because of the nature of bitcoin transfers, this will render the money unrecoverable.
Many of the websites that we found have already shut down, so people are left without any way to access their money or cryptocurrency which is a bogus Token.
Across the globe, including the United States, Canada, Brazil, Venezuela, UK, Ireland, Norway, France, Germany, Austria, Switzerland, Netherlands, Italy, Spain, Poland, Czech Republic, Slovakia, Hungary, Estonia, Latvia, Ukraine, Serbia, Bosnia and Herzegovina, Montenegro, Macedonia, Greece, Romania, Bulgaria, Georgia, Morocco, Nigeria, Indonesia, Philippines, and Australia, we have observed the expansion of the malicious advertisements.
Fake Amazon token parcel:
Avast antivirus published a blog warning titled “Beware of a New Amazon Token Crypto Scam” back in December.
They shared photos of phony Amazon cryptocurrency advertisements that look to be published by CNBC, The Guardian, Yahoo, and other websites but are crooks’ imitation domains.
Then, bots are used to add bogus involvement, such as shares, likes, comments, and so forth.
Frequently, when this type of cryptocurrency fraud shows up on social media sites, like Twitter, the comments section is locked, making it impossible for actual users to point out that the post is fraudulent.
Is there a real Amazon crypto token?
When it came to the retail behemoth, there were rumors that it might even launch an Amazon crypto token, which never happened and was based on a job ad. Amazon has shown interest in NFTs and cryptocurrency, and it did hire a “Digital Currency and Blockchain Product Lead,” but it has never started its crypto token or indicated it will. These rumors date back to the 2017 bull run and earlier.
This week, YouTubers exposed that the AMZ token—also known by the fictitious names “AMZTRX,” “AMZD2X,” or anything similar—is an entirely fraudulent Amazon cryptocurrency scheme.
Amazon token presale” and “Amazon crypto” are searched for in Google twice as frequently each month, according to Ahrefs keyword data. As of late last year, Avast calculated that the perpetrators of this cryptocurrency scam made at least $100,000.
Avoiding crypto presale scam:
Always thoroughly investigate new cryptocurrency projects and token presales on your own, seeking second opinions from reliable cryptocurrency traders on Twitter, independent YouTube channels, and Reddit.
Crypto scammers frequently imitate legitimate crypto influencers or ongoing initiatives, use bad English, and create phony websites.
Avoid clicking on unwanted links and communicating with people one-on-one through direct message (DM). For instance, administrators of cryptocurrency Telegram channels will never ask you to “validate your wallet” or provide them with your seed phrase in a DM.
It’s probably not real if it sounds too wonderful to be true. On this website, we have examined several genuine cryptocurrency presales that have been validated by independent auditing websites like CoinSniper and Solid Proof.
Scammers selling fake Amazon crypto tokens to unsuspecting users:
The rumors have been used by scammers to promote phony coins. The advertisements used by the phishers appear to be from reliable websites like CNBC, Yahoo, or Guardian. The phony links take their victims to websites that are owned by con artists.
Similarly, phony social media profiles back the fraudulent websites. Since the engagements on the platforms are closed, commenting by authorized users is not possible.
Despite having a strong belief in cryptocurrencies and NFTs, Amazon has never disclosed its plans to introduce its token. Additionally, the business has not addressed the rumors directly, which has left credulous investors vulnerable to scammers. The FOMO of cryptocurrency investors who wish to make rapid money from blue chip ICOs is what scammers prey on. Initial Coin Offerings (ICOs) have a track record of rewarding early adopters with substantial profits. Moreover, Amazon’s robust reputation and brand act as a deterrent to dishonest people.
How to protect yourself from scammers?
To guard against con artists such as these:
Ads and posts about cryptocurrencies on social media should be viewed with caution.
Verify websites and URLs again before submitting your information and completing a transaction.
Avoid giving in to pressure techniques that promise “Flash sales,” “only a few left,” or “purchase now.”
Investigate the product you are going to buy by consulting official sources.
When you come across scam postings or advertisements, report them. This could help have them taken down from social media.
Since the widespread consensus regarding cryptocurrencies is that early adopters stand to win significantly if the currency becomes effective, scammers tend to jump on any new information like this. Users can be under the mistaken impression that they are investing early in a cryptocurrency with enormous profit potential.
- To guard against con artists such as these:
- Ads and posts about cryptocurrencies on social media should be viewed with caution.
- Verify websites and URLs again before submitting your information and completing a transaction.
- Avoid giving in to pressure techniques that promise “Flash sales,” “only a few left,” or “purchase now.”
- Investigate the product you are going to buy by consulting official sources.
When you come across scam postings or advertisements, report them. This could help have them taken down from social media.
Since the widespread consensus regarding cryptocurrencies is that early adopters stand to win significantly if the currency becomes effective, scammers tend to jump on any new information like this. Users can be under the mistaken impression that they are investing early in a cryptocurrency with enormous profit potential.
Conclusions:
In conclusion, the question of whether the Amazon token presale is a scam or not demands careful consideration and thorough investigation. As highlighted in this blog post, potential scams often raise red flags such as unrealistic promises, lack of transparency, and questionable practices.
Before engaging in any presale or investment opportunity, it’s crucial to conduct extensive research, scrutinize the details provided, and seek independent reviews from reputable sources. The cryptocurrency and token sale space can be particularly susceptible to scams, making due diligence an essential step for anyone considering participation.
Remember, if something seems too good to be true, it likely is. Protecting oneself from potential scams involves staying informed, questioning the legitimacy of offers, and being wary of promises that appear exaggerated. Consult with financial experts or trusted individuals in the field before making any investment decisions.
Ultimately, the goal is to empower readers to make informed choices and navigate the digital landscape with caution. If there are uncertainties or suspicions regarding the Amazon token presale, it’s advisable to err on the side of caution and explore more secure investment options.
FAQs:
Do presale tokens include fraud?
Your website asks you to purchase the token.
It’s just that, quite frequently, it will either be a phony token that is intended to support some imaginary scenario in which they would like you to invest, or it will not be the real token that it purports to be (like the phony Amazon token).
Is purchasing presale tokens a smart idea?
An occasion in the cryptocurrency world called a token presale is intended to help investors and developers alike. While investors take advantage of the chance to increase their profits, the developmental team uses the event to generate money for a cryptocurrency project. These advantages, nevertheless, are only available if the token presale is a success.
After the token presale, what happens?
When a project offers tokens to the public and retail investors for the first time, it’s known as a presale or initial coin offering (ICO). Because the tokens haven’t launched on exchanges yet, they can only be purchased at a fixed price during this time. The price will change depending on several market variables after they are listed on exchanges.
How function scam tokens?
DeFi fraud occurs when an unscrupulous party manipulates the smart contract of a cryptocurrency token to deceive investors. Scammers using DeFi tokens may alter the smart contract such that, among other things, it becomes difficult to sell the token, they may generate an infinite number of new ones, or they can charge ridiculous trading costs.
How can a scam token be verified?
Eight Ways to Determine Whether Something Is a Token Scam
- Begin with the fundamentals.
- Check that the code on Etherscan is confirmed.
- Examine the comments area on Etherscan.
- Look through the blacklists on DappRadar.
- Examine the specifics of the token with a token explorer.
- Verify how many exchanges are hosting the token.
- Verify the balance pool’s liquidity for a token.
